Annual Accounts & Corporate Tax
Are you a UK-registered Limited Company? You’re in the right place. Your statutory accounts (also known as annual accounts) are a set of financial records prepared at the end of each financial year. Required by law to be filed with Companies House and HMRC, your accounting records must be up to date, including tax.
Tax can feel quite intimidating for both an established business and a first-timer, however, it’s something to keep in mind sooner rather than later. Your business's Corporation Tax is a tax paid on your profits. Rates will differ depending on the profits of your business, however, new rates will be coming in from April 2023.
When working with Nephos Group we aim to make the process as pain-free as possible with a focus to ensure we provide regular data throughout the year. Why? Well, nobody likes scary surprises when the statutory accounts are produced at year-end do they?
As experts within the financial field, the last thing we want to happen is for your business to be penalised through higher tax rates or wrong data, which is exactly why we ensure to keep your bookkeeping up to date continually throughout the year. Additionally, we will always have a 9-month review with you to plan any financial decisions prior to year-end which will potentially benefit your business. These are the moments you and your business should feel most supported.
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